Mr. Christopher Berlet reports

CANUC BEGINS DRILLING AT EAST SUDBURY PROJECT (ESP)

Canuc Resources Corp. has started a diamond core drilling program on the company's East Sudbury project (ESP).

Canuc acquired a 100-per-cent ownership of the ESP on May 8, 2025. Since that time, the company has verified gold assay data relating to historical drilling (see the news release dated Oct. 22, 2025), and has identified numerous gold prospects located within the property and proximal to old gold mine workings. Drill core totalling 32,685 metres is stored at the Scadding gold mine site in the western part of the ESP.

Drilling gold lens 1

A review of historical drilling and assay information has confirmed a well-defined zone of gold mineralization located beside and beneath the past-producing North Pit gold mine. The mineralized zone consists of a series of high-grade lenses developed within a broad zone of lower-grade material measuring 80 metres (m) by three m by 100 m and dipping northeast at an estimated 60 degrees. The zone has been intersected by at least 46 drill holes during three drilling campaigns by previous workers (Trueclaim Exploration Inc., between 2009 and 2011; Northern Sphere Mining, 2017; and MacDonald Mines Exploration Ltd., 2019 to 2025). There are also an unknown number of holes drilled in the 1980s for which precise locations and assay information are not available.

Assays from historical drill intersections within the mineralized zone range from less than a gram to highs up to 735.51 grams per tonne (g/t), the latter over an intersected width of 0.96 m (hole SM-20-026) with the best reported intersection being 36.27 g/t gold (Au) over 12.27 m (hole No. SM-19-001). A minimum of 15 holes within the zone are planned for this phase, all designed to provide fill-in information for areas not previously tested by drilling.

Two additional near-surface zones of gold mineralization are currently recognized in close proximity to zone 1 and will be tested by drilling after the current program is completed.

"This drilling program is designed to provide infill data around two closely related gold zones which have previously been identified and confirmed beside the historical North Pit gold mine workings. The infill data we seek with this drill program is expected to be sufficient for us to calculate a maiden mineral resource estimate for what we are now labelling as gold lens 1," stated Christopher Berlet, president and chief executive officer of Canuc Resources.

"Calculating a maiden mineral resource estimate for gold lens 1 is a required first step in formulating a mine plan and seeking extractive permits. Our objective with this work is ultimately to confirm that several profitable, high-grade, gold mining opportunities, gold lenses, are still present today and in place near to the historical gold mine workings which are found at various locations across the company's East Sudbury project (ESP)."

The technical information in this news release has been reviewed and approved by Seymour Sears, BA, BSc, PGeo, a non-independent qualified person as defined by National Instrument 43-101, who is currently managing exploration activity on the ESP.

About Canuc Resources Corp.

Canuc Resources is a junior resource company developing its 100-per-cent interest in the East Sudbury project, which spans 19,710 hectares, and is centred approximately 20 kilometres northeast of the prolific Sudbury mining camp and near to the extensive infrastructure of the adjacent Sudbury mining district. ESP encompasses several centres of critical and precious metal mineralization interpreted to be related to a mineral system that can form IOCG (iron oxide, copper and gold) and affiliated critical and precious mineral deposits. Included within the project is the historical Scadding gold mine and associated Scadding gold tailings project.

Canuc also holds a 100-per-cent interest in the San Javier silver-gold project located in Sonora state, Mexico. The San Javier silver-gold project spans 28 claims covering 1,052 hectares and evidences extensive silver, gold and copper mineralization interpreted to be related to a mineral system that can form silver-dominant IOCG and affiliated deposits.

Canuc generates cash flow from natural gas production at its MidTex energy project, located in central west Texas, where Canuc has an interest in eight producing natural gas wells and has rights for further in-field developments. The company also receives a 4-per-cent net smelter return royalty from gold production at the Scadding gold tailings project, located on mining claim LEA 107735 within the ESP group.

We seek Safe Harbor.